NOT LISTED FOR SALE

82 Kanani Rd Kihei, HI 96753

Estimated Value: $1,852,000 - $2,175,000

1 Acre
$1,990,402 Price per Acre
43,560 Sq Ft Lot

Last Sold January 16, 2019

Last sale price $1,100,000 $25 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $12,835/month

2 Days on Market

Highlights

  • 1 Acre Lot
  • Mountain View
  • Level Lot

About This Lot

As of January 2019

A rare opportunity to acquire a one-acre, fee simple parcel one block from the Cove Park Beach in Kihei, Maui County, Hawaii. “Cove Beach Village” is a fully entitled condominium project for 32 two-bedroom units slated for this parcel. The project is shovel-ready and has completed condominium documents, and the Shoreline Management Approval from County Agencies. Complete architectural plans including structural, mechanical, electrical, plumbing and civil. County permit process near completion. With high demand for long-term rentals on Maui Island, the Property could also be rented as an apartment building. Situated between S. Kihei Road and Piilani Highway providing easy access to nearby amenities, including the Kahului Airport, Lahaina and Wailea resort areas. Adjacent amenities including beach rentals and surfing, a grocery anchored shopping center, eateries, golf courses and many tourism related activities. Maui has an exceptionally strong housing market for multifamily rental and for-sale condominium units. Excellent location one block to the world-famous beaches of Maui, offering views of the Pacific Ocean, Lanai and Ko'oholawe Islands. Documents may be reviewed upon request.

Last Agent to Sell the Property

Greg Walker

Supra Products, Inc. License #RB-18352 Listed on: 12/04/2018

Co-Listed By

Elizabeth Walker

Victory Realty LLC License #RS-61413

Last Buyer's Agent

Greg Walker

Supra Products, Inc. License #RB-18352 Listed on: 12/04/2018

Property Details

Property Type

  • Land

Lot Details

  • 1 Acre Lot
  • Lot Dimensions are 217x200x212x200
  • Property fronts a county road
  • Level Lot

Property Views

  • Mountain Views

Utilities

  • Phone Available
  • Cable TV Available

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Class: Vacant Land
  • District: Kihei
  • Roads: Paved, County
  • Type: Vacant Land
  • View: Mountain/Ocean
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

  • Sewer: Sewer County
  • Utilities To Site: County Water, Telephone, Overhead Electricity, Tv Cable
  • Water To Site: County Water Meter Ins

Lot Info

  • County Zoning: A-1 Apartment District
  • Land Acres: 1
  • Land Sq Ft: 43560
  • State Zoning: Urban
  • Topography: Level
  • Lot Dimensions: 217x200x212x200
  • Land Use: Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 19, 2016
Sold by
Walker Greg
Bought by
Cove Beach Partners Llc
Current Estimated Value
$1,990,402

Purchase Details

Closed on
May 21, 2004
Sold by
Pedersen Daniel and Pedersen Judy
Bought by
Pedersen Daniel and Pedersen Judy

Purchase Details

Closed on
Jul 19, 2000
Sold by
Koenig Thomas A
Bought by
Pedersen Daniel and Pedersen Judy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,500
Interest Rate
8.2%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cove Beach Partners Llc -- None Available
Walker Greg -- None Available
Pedersen Daniel -- --
Pedersen Daniel $465,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kai Ani Development Inc $700,000
Previous Owner Pedersen Daniel $325,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/16/2019 01/16/19 Sold $1,100,000 -18.5% $25 / Sq Ft
12/06/2018 12/06/18 Pending -- -- --
12/04/2018 12/04/18 For Sale $1,350,000 -- $31 / Sq Ft
Source: Maui MLS (REALTORS® Association of Maui)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 -- $2,268,600 $2,268,600 --
2024 -- $2,160,600 $2,160,600 --
2023 -- $2,160,600 $2,160,600 --
2022 $0 $1,755,500 $1,755,500 $0
2021 $0 $1,755,500 $1,755,500 $0
2020 $400 $1,944,500 $1,944,500 $0
2018 $0 $1,890,500 $1,890,500 $0
2016 -- $1,485,400 $1,485,400 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maui MLS (REALTORS® Association of Maui)

MLS Number: 380847

Maui MLS (REALTORS® Association of Maui)

APN: 2-3-9-016-004-0000